Water bills set to rise

Water bills in England and Wales are likely to rise by up to 3 per cent a year above inflation for five years in the latest blow to British households' finances.

Water companies submit their bids for the next five-year pricing round to Ofwat, the water regulator, today. The regulator will decide in autumn 2009 how much companies will be allowed to charge for the five years between 2010 and 2015.

The average combined water and sewage bill is currently £330 a year per household, according to Ofwat.

Thames Water, the biggest water company in the UK with 13 million customers across London and south east England, said it is planning an ambitious £6.5 billion investment plan but expects to keep increases in bills to about 3% over the rate of inflation.
 

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